Selina Operation Israel, a holding company that owned multiple subsidiaries previously operating hostels and hotels across Israel, has petitioned the court for dissolution, effectively seeking the liquidation of the group.
The company ceased operations in August 2024 after its UK-based parent company, Selina Hospitality PLC, entered insolvency proceedings in England, leading to the appointment of trustees. In its application, Selina Operation Israel, represented by attorney Ehud Gindes of the Goldblatt Gindes Yariv law firm, claims that Selina PLC had managed a network of hotels through subsidiaries and was even publicly traded on the New York Stock Exchange.
According to the petition, Selina PLC financed its expansion by securing credit…
